Information Provided By:
Fly News Breaks for August 16, 2019
ROST, BURL, TJX
Aug 16, 2019 | 07:19 EDT
As previously reported, Loop Capital analyst Laura Champine upgraded TJX (TJX) to Buy and raised her price target to $60 from $50 as part of her broader "Deep Dive" research note into off-price retailers, saying her model changes are driven by the continued market share gains at the expense of the department and specialty stores. The analyst also raised her price target by $5 on Buy-rated Burlington Stores (BURL) and Ross Stores (ROST) to $200 and $120 respectively, citing her recent round of store checks at all 3 companies that showed "improving brand availability, attractive assortments, and healthy traffic trends." Champine believes that these chains can benefit from market dislocations as retailers increasingly worry about the impact of tariffs impacting product costs.
News For TJX;BURL;ROST From the Last 2 Days
There are no results for your query TJX;BURL;ROST